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← Masambiro UK

2024-12-31-accounts

Charity No. 1170717

MASAMBIRO UK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ravina Bijlani Anstance Fometu Samuel Greene Jason Strelitz Hannah Weisfeld Mandy Wilkins (Chair) Charity Number 1170717 Principal Address 28 Queens Avenue, London N3 2NP Independent Examiner Angela Wimborne

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CONTENTS

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ANNUAL REPORT

The trustees present their report and annual accounts for the year ended 31 December 2024.

Objectives and Activities

Masambiro UK’s objectives are:

The advancement of education for the people of Malawi for the public benefit, including, although not exclusively by:

The relief of poverty for the people of Malawi for the public benefit including, although not exclusively by:

The advancement of health for the people of Malawi for the public benefit, including, although not exclusively by:

Achievements and Performance

As in previous years, we continued to provide Kunyanja Secondary School with our ongoing budgetary support that we have committed to long term, alongside working with the school management to oversee the development new initiatives and projects. In particular the current focus of additional support is on the development of a Teacher Training College and helping to support the newly established Health Clinic serving the school and wider community.

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General school support

Throughout 2024, Masambiro UK continued to support Kunyanja Secondary School with core budget support, including paying towards bursaries for 160 students to attend the school and a further four bursaries for girls to live at the girls dormitory. Masambiro also continued to provide grants to Kunyanja graduates who have been successful in obtaining university places. In 2024, 23 students were selected for university places in Malawi, and at the beginning of the academic year in September 2024, 585 students were enrolled in the school.

Throughout 2024 Masambiro also continued to fund the PhD of Feston Singoyi, the Director of Kunyanja Education Trust, as well as fully funding the cost of university for Ruth Simumba, the sister of the late Syndney Simumba who was co-founder and co-director of Kunyanja Education Trust, alongside Feston Singoyi.

Supporting education in Cape Maclear

Masambiro continues to provide assistance to education projects in Cape Mclear passing on ringfenced funds that are raised specifically for this purpose. We continue receive regular updates about these projects.

Health clinic

The health clinic opened in July 2024 and immediately began to serve needs of the local community. In its first month of operation, it saw 188 cases in the local community. The plan is for the clinic to eventually become self-funding i.e. those paying to use the clinic would pay for the costs of the clinic. Whilst it is establishing its roots, Masambiro, along with the donor who provided the initial funds to establish it, is committed to ensuring it has the support it needs to run effectively.

Girls Dorm

In 2024 Kunyanja Educational Trust received a grant from the Beit Trust to build a second girls dormitory in order to provide living accommodation for girls studying at the school. On site accommodation has a direct impact on girls’ attainment and increases the chances of completing secondary education which is why the trustees consider it to be an important and necessary investment. Towards the end of 2024, Masambiro trustees agreed to top up the Beit Trust grant to ensure that a 52-person dormitory could be built, the same size as the existing girls dormitory, as the grant from Beit Trust was only big enough to build a dormitory half that size. Work began on the dormitory in the second half of 2024 and was completed in early 2025.

Teacher training college (TTC)

Work began on the first stages of building the Teacher Training College in 2024 with the construction of classrooms funded by Masambiro. There were a number of requirements that had to be met before work could commence including a groundbreaking ceremony with the local community as well donation of a football pitch for use by the local football club. These

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were requirements necessary to get the project underway and were funded by Masambiro as part of the development of the TTC.

Financial Review

In the year to 31 December 2024, we raised £123,812 from donations, grants and fundraising events. We made transfers to Kunyanja School and other project totalling £37,835 and we were left with reserves of £114,640. An exceptional amount of funds were raised this year owing to an appeal on our behalf by the New North London Synagogue and restricted funds raised for the clinic via our partnership with The Brook Surgery. The surplus the charity was left with at the end of 2024 will enable us to contribute significant funds towards the Teacher Training College in 2025 and over the term of the project.

We continued to receive a significant number of large one-off donations alongside our regular donations. This has enabled us to continue to fund ongoing support for the school in the form of bursaries and provide support for larger projects such as the teacher training college. In light of our significant funds, the trustees decided to open a high interest account to deposit some of our funds into. Research into the best options available was conducted and an account was opened in early 2025

Our financial processes remain the same as previous years. The trustees maintain regular contact with the directors of the project and approve a budget at the beginning of each academic year. Funds are transferred to Malawi three times a year on receipt of a report of expenditure and performance for the previous term. We are aware that significant inflation remains an ongoing financial risk as currency can become quickly devalued. Through the regular reports we are sent we are kept up to date with any impact currency fluctuations have on the budgets for the projects we are supporting, and this remains under constant monitoring.

The trustees aim to visit Malawi every 12-18 months to meet with project directors face-to-face and review the progress in person against financial and performance reports. This provides additional oversight over delivery of our charitable objectives and helps to maintain our working relationships with the team delivering on the ground in Malawi.

Trustees maintain a policy that we will make a regular commitment to fund a certain number of students to attend school and university on an annual basis, and when additional funds are available, we will work with the project directors in Malawi to ascertain what spending priorities are. Our reserves policy dictates that additional items are not funded unless Masambiro UK is already in receipt of the required funds for the upcoming transfer for our regular commitments to the project, alongside there being a clear idea of how any additional funds will be raised. Trustee Ravina Bijlani, who is a qualified accountant, acts as the Treasurer.

Structure, Governance and Management

Masambiro UK is established pursuant to its Trust Deed dated 1 November 2016 and is registered under the Charities Act 2011, charity number 1170717. The charity commenced its activities in January 2017.

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Trustees that served throughout 2024 were: Ravina Bijlani Anstance Fometu Samuel Greene Jason Strelitz Hannah Weisfeld Mandy Wilkins (Chair)

All decisions are taken by the board of trustees as listed above, and Masambiro UK does not pay any staff to administer its activities. The trustees maintain regular contact with the project directors in Malawi and funds are transferred on receipt of regular reports from the trustees and directors in Malawi.

Where there is a requirement for new trustees, these would be identified and appointed by the remaining trustees. Mandy Wilkins, the Chair of Trustees, is responsible for the induction of any new trustee which involves awareness of a trustee's responsibilities, the history and the administrative procedures of the charity.

The trustees annually review the risks that the charity faces. The best ways to mitigate these risks are then put into place. The trustees are satisfied that the charity faces minimal or no risk in the upcoming year.

The trustees report was approved by the Board of Trustees.

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INDEPENDENT EXAMINER'S REPORT Charity: Masambiro UK Charity Number." 1170717 Accounting Period: l January 2024 to 31 De￿mber 2024 The charity's trustees are responsible br the preparation of the accounts in accordance with the Charities Act 20111-the Acy,). The charivs trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed as the income for the rjeriod exceeded £25.(XXI. It is my responsibility to.. èxaminè thé accounts undér sertion 145 of thé Charities Act to follow the applicable Di￿rtIOnS given by the Charity Commission {under section 145{5)(b) of the Act to state whether particular matters have come to my attentio My examination was carried out in accordan￿ with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes con5iderdtion of any unusual items or disdosures in the accounts and seeking explanations from the trustees conoming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fairf view and the report is limited to those matters set in the statement below. In connettion with my examination, no material matter5 have come to my attention which gives me cause to believe that in, any material respect: the accounting records We￿ not kept in accordan￿ with settion 130 of the Charities Act the accounts did not accord with the accounting records the accounts did not compty with the applicable requirements conceming the form and content of accounts set out in the Charities (Atcounts and Reports) Regulat¥ons 2(X)8 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come acro55 no other matters in connettion with the exlimination to which attention should be drawn in this ￿POrt in order to enable a proper understanding of the accounts to be reached. Signed: Name: Angela Wimborne Date: 13 October 2025 Address: 47 Coniston Road London NIO 2BL

CHARITY COMMISSION FOR ENGLAND ANO WALES Masambiro UK 1170717 Receipts and payments accounts CC16a Forthe period from 01 January 2024 31 December 2024 To Section A Receipts and payments Unrestricted funds to the nearest Restricted funds Endowment funds Total funds Year ended 31 Dec 2023 to the nearest £ to the nearest £ to the nearest £ to the nearest £ Receipts Donations and grants Fundraising events 63.371 9,733 50,708 114079 70,488 1,072 Sub total (Gross income forAR) 123 812 Asset and Investment sales tota Total receipts Pa ments Chariliable activities Bank Charges Fundraisin events Travel Subscri 2,086 25 2,120 35.749 37,835 25 2,120 72,275 150 lions Sub total Asset and investment purchases Sub total Totalpayments 39,980 Net of receiTpts/{payments) Transfers between funds Cash funds last year end Cash funds this year end 7,961 0,127 7,961 0,68 114,640

Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nearest £ 81,039 Restricted funds Endowment funds to nearest £ Categorles Details to nearest £ 33,601 Cash funds Total Cash funds 81.039 33.601 Unrestricted funds to nearest Restricted funds to nearest £ Endowment funds to Fund to which asset belon C05t loptional} Current value tlonal Investment assets Fund to which asset belonas Cost loptional} Current value IoDtionall Assets retained for the charity's own use Fund to which liabilitv relates Amount due IoDtionall When due IoDtionall Liabilities Signed by one or fvjo trustees on behalf of all the trustees Signature Print Name Ravina Bijlani Date of approval 1711012025 10